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We extend the basic model of trade protection with special interest groups developed in Grossman and Helpman (1994) to include monopolistic competition with variable markups. We find the following results: (i) for sectors organized into lobbies the endogenous import tariff is always positive and...
Persistent link: https://www.econbiz.de/10011107780
This paper analyses the implications of classical liberal and libertarian approaches for distributive justice in the context of social welfare orderings. An axiom capturing a liberal non-interfering view of society, named the Weak Harm Principle, is studied, whose roots can be traced back to...
Persistent link: https://www.econbiz.de/10011107417
The contemporary theory of epistemic democracy often draws on the Condorcet Jury Theorem to formally justify the `wisdom of crowds'. But this theorem is inapplicable in its current form, since one of its premises -- voter independence -- is notoriously violated. This premise carries...
Persistent link: https://www.econbiz.de/10011107633
Financial freedom is generally understood as state to do anything whenever you want. Financial well being brings lot of direct benefits like mental peace and capability to help others financially. Gender equality is new development of last few decades and one sees women in various roles,...
Persistent link: https://www.econbiz.de/10011107806
The paper deals with the problem of the critical appraisal of the economic theory of fascist corporatism and of the place such doctrine should be allowed in the history of Italian economic thought. The ideological, political and economic beliefs of the various tendencies of corporatism are...
Persistent link: https://www.econbiz.de/10011108264
This brief Note has found that the location decisions of the American Indian are influenced by geographic AFDC differentials. In particular, the American Indian population is apparently strongly attracted to high welfare areas. This finding may be interpreted as yet further support for the...
Persistent link: https://www.econbiz.de/10011108358
A particular problem of traditional Rational Choice Theory is that it cannot explain equilibrium selection in simple coordination games. In this paper we analyze and discuss the solution concept for common coordination problems as incorporated in the theory of Team Reasoning (TR). Special...
Persistent link: https://www.econbiz.de/10011108615
The article examines the ideological and political-economic impact of the strategies of the Danish Prime Ministers Anders Fogh Rasmussen and Lars Løkke Rasmussen as leaders of the liberal/conservative coalition governments 2001-2011.
Persistent link: https://www.econbiz.de/10011108694
The paper analyzes economic evaluations by distinguishing evaluative statements from value judgments proper. Building on this basis, it compares four solutions to the value-neutrality problem in economics. After rebutting the strong theses about neutrality (normative economics is illegitimate)...
Persistent link: https://www.econbiz.de/10011108847
How can different individuals' probability assignments to some events be aggregated into a collective probability assignment? Classic results on this problem assume that the set of relevant events -- the agenda -- is a σ-algebra and is thus closed under disjunction (union) and conjunction...
Persistent link: https://www.econbiz.de/10011108869